NOT LISTED FOR SALE

31 East Ave Westerly, RI 02891

Estimated Value: $502,449 - $782,000

4 Beds
2 Baths
2,884 Sq Ft
$207/Sq Ft Est. Value

Last Sold January 07, 2020

Last sale price $295,000 $102 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $3,395/month

35 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • 1 Car Detached Garage
  • Golf Course Community
  • Tennis Courts
  • 5-minute walk to Louis J. Cimalore Sports Complex

About This Home

As of January 2020

This 2 family Currently being used as a rental property, is also zoned professional. The half acre lot will afford the space for extra parking. A new garage was added to the property recently which could also be used for added income. Both apartments have a front door entry as well as a back. The first floor is spacious with a nice kitchen, large dining room, 2 bedrooms and a full bath. This apartment has oil heat. The 2nd floor apartment is clean and quaint. It has both electric and gas heat and has its own city gas meter. Each unit has its own basement space with two bulkheads. This is a wonderful opportunity for an investor or a first time home buyer with income to help pay for the mortgage.

Last Agent to Sell the Property

Susan Eldridge

Schilke Realty License #RES.0033955 Listed on: 11/02/2019

Last Buyer's Agent

Non-Mls Member

Non-Mls Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,742

Year Built

  • Built in 1938

Lot Details

  • 0.48

Parking

  • 1 Car Detached Garage

Home Design

  • Stone Foundation
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 2,884 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Baseboard Heating
  • 100 Amp Service
  • Oil Water Heater

Additional Features

  • Porch
  • 0.48 Acre Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 121
  • Assessor Parcel Number 31EASTAVWEST

Community Details

Overview

  • 2 Units
  • Close To Downtown & Beaches Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Building Details

  • Operating Expense $4,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,742

Year Built

Built in 1938

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.48
  • Subdivision Name: Close to Downtown & Beaches
  • Above Grade Finished Sq Ft: 2884.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Washer
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Laminate
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster, Vinyl Siding
  • Exterior Features: Porch
  • Foundation Details: Concrete Perimeter, Stone
  • Patio And Porch Features: Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 5.0

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Gas, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Electricity On Property: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 20810.0
  • Parcel #: 31EASTAVWEST
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 4500.0

Tax Info

  • Tax Annual Amount: 2742.0
  • Tax Lot: 121
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2019
Closed on
Jan 7, 2020
Sold by
Pinatello Luke and Pinatello Scanapieco
Bought by
Rodriguez Elvis
Seller's Agent
Susan Eldridge
Schilke Realty
Buyer's Agent
Non-Mls Member
Non-Mls Member
List Price
$309,900
Sold Price
$295,000
Premium/Discount to List
-$14,900
-4.81%
Current Estimated Value
$598,112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$303,112
Avg. Annual Appreciation
12.44%
Original Mortgage
$280,250
Outstanding Balance
$247,081
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$351,031

Purchase Details

Closed on
Dec 18, 2008
Sold by
Bellone Peter J
Bought by
Bellone John
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rodriguez Elvis $295,000 None Available
Bellone John $231,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Elvis $280,250
Previous Owner Bellone John $185,250
Previous Owner Bellone John $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/07/2020 01/07/20 Sold $295,000 -4.8% $102 / Sq Ft
12/08/2019 12/08/19 Pending -- -- --
11/02/2019 11/02/19 For Sale $309,900 +25.5% $107 / Sq Ft
02/21/2014 02/21/14 Sold $247,000 -5.0% $136 / Sq Ft View Prior Sale
01/22/2014 01/22/14 Pending -- -- --
12/30/2013 12/30/13 For Sale $259,900 -- $143 / Sq Ft
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,215 $413,300 $180,000 $233,300
2024 $2,997 $286,800 $128,600 $158,200
2023 $2,914 $286,800 $128,600 $158,200
2022 $2,897 $286,800 $128,600 $158,200
2021 $2,885 $239,200 $111,800 $127,400
2020 $2,808 $237,000 $111,800 $125,200
2019 $2,757 $234,800 $111,800 $123,000
2018 $2,677 $216,800 $111,800 $105,000
2017 $2,602 $216,800 $111,800 $105,000
2016 $2,602 $216,800 $111,800 $105,000
2015 $2,476 $220,500 $114,100 $106,400
2014 $2,437 $220,500 $114,100 $106,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1240246

State-Wide MLS

APN: WEST-000087-000121